High interest rates + tariff terror -> less investment -> less jobs
But let's blame AI
You really do have to account for why this is mainly happening in industries that are adopting AI, why it's almost exclusively impacting entry-level positions (with senior positions steady or growing), and why controlling for broad economic conditions failed to correct this. I doubt very much that these three Stanford professors would be blindsided by the concept of rates and tarriffs.
The jobs are going to India
American workers are truly under attack from all sides. H1B. Outsourcing. What's left? The blue collar manufacturing is mostly gone. White collar work well on its way out. Why is our own government (by the people for the people) actively assisting in destroying American's ability to get jobs (H1B)? Especially in these conditions. I'm no racist or idiot but it's unacceptable. I didn't expect the gov to actively be conspiring with big corps to make my economic position weaker. Unbelievable breach of trust. We need to demand change from our government.
Efficiency rules all.
It just doesn't make sense to pay someone $10 when you can pay someone else $2
And when we're all out of work except for the doctors and nurses, electricians and plumbers, there will be nobody to contribute to consumer spending. And we will suffer, at the hand of the government that assisted in this scam.